Florida-Mortgage-Lenders.com is a leading Wakulla Beach Florida FHA Mortgage Company. All situations welcome.
What is an Florida FHA Mortgage? FHA mortgages have been helping Wakulla Beach Florida people become homeowners since 1934. Wakulla Beach Florida FHA mortgage loans are backed by the FHA which is short for the Federal Housing Administration. FHA insures the FHA mortgage loan so Wakulla Beach Florida mortgage lenders can offer easier loan qualifying and lower down payment FHA mortgage options.
WAKULLA BEACH FLORIDA FHA MORTGAGE LOANS HAVE MINIMAL DOWNPAYMENT AND CLOSING FEES:
• Wakulla Beach FL Down payment only 3.5% of the purchase price.
• Gifts from family or Grants for down payment assistance and closing costs OK!
• Seller can credit buyers up to 6% of sales price towards buyer's costs.
• No reserves or future payments in account required.
• FHA regulated closing costs.
WAKULLA BEACH FLORIDA FHA MORTGAGE LOANS ARE EASY TO QUALIFY FOR BECAUSE YOU CAN:
• Purchase a Wakulla Beach Florida home 12 months after a chapter 13 Bankruptcy
• Purchase a Wakulla Beach Florida 24 months after a chapter 7 Bankruptcy.
• FHA will allow a FHA mortgage 3 years after a Foreclosure.
• Minimum FICO credit score of 580 required for 96.5% financing.
• Wakulla Beach Bad credit Florida FHA mortgage approvals minimum FICO credit score of 530 required for 90 FHA financing.
• No Credit Score Florida mortgage loans & No Trade Line Florida FHA home loans.
WAKULLA BEACH FLORIDA FHA MORTGAGE LOANS ALLOW HIGHER DEBT TO INCOME & EASIER JOB QUALIFYING:
• FHA allows higher debt ratio's than any other Florida home loan programs.
• Less than two years on the same job is OK!
• Self-employed buyers can also qualify for FHA.
• Check Florida FHA Mortgage Articles for more information.
During the Wakulla Beach Florida Housing Boom the FHA Mortgage had become an uncommon mortgage loan product because of the plentiful supply of credit including Subprime, Conventional, and Fannie Mae. Many Wakulla Beach Florida homebuyers obtained Mortgage Loans with 0% down payment and reduced loan documentation requirements. After the crash, as Fannie Mae and other Wakulla Beach Florida mortgage lenders retreated from these riskier loan products, FHA stepped in Wakulla Beach Florida FHA Home Loans became the only option for borrowers with a lowdown payment and less than perfect credit.
HOMES FOR SALE IN WAKULLA BEACH FLORIDA
WAKULLA BEACH FLORIDA FHA APPROVED CITY DATA
WAKULLA BEACH FLORIDA:
Wakulla Beach is an unincorporated community in Wakulla County, Florida, United States. It is located on the northern shore of Goose Creek Bay, near the Gulf of Mexico.
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About the City of Wakulla Beach
This was a platted town that was supposed to bring tourists and visitors to northern Florida. Only a couple of houses remain. A hotel ruin is also visible, dating to the 1920s. There is no beach per se, a very shallow bay. No amenities at this spot in the St. Marks National Wildlife Refuge, at the end of a very long dirt road.
The town was founded in 1915 and developed by Henry Walker Sr. Said to be Florida’s first subdivision, it did not bring large numbers of people to reside there.